CEO of the Ascott Limited Appointed as Capitaland's CEO Lodging

• In this new role, Mr. Goh will oversee CapitaLand Group's lodging business, one of the three pillars of the Group’s strategic businesses for sustainable growth
• Goh will concurrently serve as the CEO of The Ascott Limited, which currently has 26 properties in operation and the pipeline across the Middle East, Africa and Turkey region

Dubai, UAE, 6^th April 2020 – CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups announces the appointment of Mr. Kevin Goh as its new Chief Executive Officer, Lodging.

In this new role, Mr. Goh will oversee the CapitaLand Group's lodging business. Lodging is one of the three pillars of the Group’s strategic businesses for sustainable growth, together with the other two pillars being Fund Management and Investment/Development. Mr. Goh is also the CEO of The Ascott Limited, CapitaLand’s wholly owned lodging business unit, an appointment he held since 2018.

Mr. Goh has been with the CapitaLand Group since May 2007 and has taken on various leadership positions in Ascott such as Chief Operating Officer, Managing Director of North Asia and Regional General Manager for East and South China. He is a key member of the senior leadership team responsible for managing and executing the Group’s growth strategies.

The Ascott Limited currently has 26 properties in operation and the pipeline across the Middle East, Africa and Turkey region. Under the leadership of Mr. Goh, Ascott is poised to become one of the largest international lodging operators in Middle East, Africa and Turkey region.

Ascott’s current portfolio comprises 11 operational properties, including: Ascott Park Place Dubai (UAE), Citadines Metro Central Dubai (UAE), Ascott Corniche Al Khobar (KSA), Ascott Sari Jeddah (KSA), Ascott Tahlia Jeddah (KSA), Citadines Al Salamah Jeddah (KSA), Spectrums Residence Jeddah (KSA), Ascott Rafal Olaya Riyadh (AROR), Somerset Panorama Muscat (Oman), Somerset Al Fateh (Bahrain), and Somerset Maslak Istanbul (Turkey).

Pipelined projects set to open in 2020 include Citadines Al Ghubrah Muscat (Oman), Ascott Villas Riyadh (KSA), Somerset City Centre Atyrau (Kazakhstan), Somerset Downtown Al Khobar (KSA), as well as Citadines Culture Village in Dubai (UAE).

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans more than 180 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA.

Ascott has about 70,000 operating units and over 44,000 units under development, making a total of about 114,000 units in over 700 properties. 

The company’s serviced residence and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello and POP!.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2019 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2019 for 'Best Serviced Residence Brand'; Business Traveller China Awards 2019 for 'Best Luxury Serviced Residence Brand'; DestinAsian Readers’ Choice Awards 2019 for ‘Best Serviced Residence Brand’; and TTG China Travel Awards 2019 for ‘Best Serviced Residence Operator in China’. 

 For a full list of awards, please visit https://www.the-ascott.com/ascottlimited/awards.html.

About CapitaLand Limited

CapitaLand Limited (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth S$131.9 billion as at 31 December 2019. CapitaLand’s portfolio spans across diversified real estate classes which includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential. With a presence across more than 200 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA.

CapitaLand has one of the largest real estate investment management businesses globally. It manages seven listed real estate investment trusts (REITs) and business trusts as well as over 20 private funds. Since it pioneered REITs in Singapore with the listing of CapitaLand Mall Trust in 2002, CapitaLand’s REITs and business trusts have expanded to include Ascendas Real Estate Investment Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust.  

Visit www.capitaland.com for more information.